Add Value Opportunity - Standalone Character

168, Cuba Street, Te Aro, Wellington

By Negotiation

Proposed Usage
Development Site
Floor Area
900.00 m²
Land Area
505.00 m²
Description:
Property ID
1btgd5g

CBRE New Zealand is proud to present 168 Cuba Street, Wellington for sale.

168 Cuba Street comprises a three storey character building with a mix of office, retail and hospitality tenants. The net lettable area is approximately 900sqm and the building sits on a total freehold land area of 505sqm.

The building was built circa 1901 and is listed as Heritage and Historic on the Wellington City Council and Historic Places Trust Registers respectively.

The ground floor retail tenancies are 100% occupied with some vacancy in the upper level office space. The property is located in one of Wellingtons most sought after locations of Cuba Street; home to many of Wellingtons top restaurants, bars and creative industries.

Properties in the Cuba Precinct are very closely held and the high density nature of the area means that land is both rare and at a premium. This fantastic standalone building offers plenty of upside and add-value potential making the opportunity to purchase this property an exciting proposition.

Key Hightlights:

*900sqm building
*505sqm freehold land
*Retai;: 50% of NLA (approx.)
*Diversified income profile
*Sought after location
*Iconic building on Cuba Street
*Add-value opportunity/value upside through strengthening and refurbishment or re-purpose

For Sale by Deadline Private Treaty, closing Tuesday 4 July 2017, at 4pm (unless sold prior).

CBRE Strongly recommends your early consideration of this outstanding investment.

Enquire about this property

Te Aro Area